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About Metallic Minerals Corp (MMNGF)
Metallic Minerals Corp (OTCQB: MMNGF) is a resource-stage mineral exploration company specializing in the discovery, development, and advancement of high-value precious and base metal projects in North America. The company operates in two of the most prolific mining regions: the historic Keno Hill silver district in Canada's Yukon Territory and the La Plata copper-silver-gold-platinum group element (PGE) district in southwestern Colorado.
Core Business Model and Operations
Metallic Minerals employs a systematic and entrepreneurial approach to mineral exploration, focusing on expanding resources and advancing projects toward development. Its business model hinges on leveraging decades of technical expertise, strategic partnerships, and state-of-the-art exploration techniques to identify and develop tier-1 mineral assets. The company generates value through resource expansion drilling, systematic exploration campaigns, and the development of royalty-based revenue streams from alluvial gold projects in the Yukon.
Flagship Projects
- Keno Silver Project (Yukon, Canada): Metallic Minerals holds the second-largest land position in the historic Keno Hill silver district, adjacent to Hecla Mining's operations. The district is renowned for its high-grade silver production, with over 300 million ounces of past production and current measured and indicated resources. The company's inaugural resource estimate added 18.2 million ounces of silver equivalent in 2024, with significant potential for further resource expansion and new discoveries across its 171 km² property.
- La Plata Project (Colorado, USA): This district-scale project features a significant porphyry copper-silver resource, with an NI 43-101-compliant estimate of 1.2 billion pounds of copper and 17.6 million ounces of silver. The project also shows strong potential for gold, platinum, and palladium mineralization, supported by extensive geophysical and geochemical data. The U.S. Geological Survey has identified the La Plata mining district as a critical minerals resource area, further underscoring its strategic importance.
- Alluvial Gold Royalty Portfolio (Yukon, Canada): Metallic Minerals is one of the largest holders of alluvial gold claims in the Yukon. The company collaborates with experienced operators to generate royalty revenue while advancing its broader exploration objectives.
Competitive Positioning
Metallic Minerals distinguishes itself through its strategic land holdings in high-grade mining districts with existing infrastructure, including road and power access. Its partnerships with major industry players, such as Newmont Corporation, provide technical expertise and financial backing for advancing key projects. The company's leadership team brings a proven track record of discovery, permitting, and project financing, further strengthening its position in the competitive mining sector.
Industry Context and Market Relevance
The demand for precious and base metals, particularly silver, copper, and critical minerals like platinum group elements, continues to grow due to their essential roles in renewable energy, electrification, and industrial applications. Metallic Minerals' focus on these commodities aligns with global trends, positioning the company to capitalize on the increasing need for sustainable and ethically sourced mineral resources.
Commitment to Responsible Development
Metallic Minerals is committed to responsible and sustainable resource development. The company actively engages with local communities, First Nations, and Tribal groups to ensure its projects are developed in a socially and environmentally responsible manner. Its operations adhere to stringent regulatory standards, including NI 43-101 compliance, to maintain transparency and trust with stakeholders.
Conclusion
With its focus on high-potential mining districts, strategic partnerships, and a systematic approach to exploration, Metallic Minerals Corp represents a compelling opportunity in the resource exploration sector. The company's expertise, combined with its significant land holdings in North America's most prolific mining regions, positions it as a key player in the discovery and development of critical and precious metal resources.
Metallic Minerals Corp. (MMNGF) has announced the final results from its 2022 exploration program at the Keno Silver project in Yukon, Canada. The program included 642 meters drilled across six holes, focusing on the Caribou target. Notable highlights include:
- Drilling extended high-grade silver mineralization, with hole CH22-01 reporting 1,201 g/t silver equivalent over 0.5 m.
- The Caribou area's potential is emphasized, showing consistent high grades exceeding 1,000 g/t Ag Eq.
- SGS Geological Services has been retained to complete the inaugural mineral resource estimate, anticipated later in 2023.
This successful drilling program positions the company for further exploration and resource estimation, contributing to shareholder value.
Metallic Minerals announces promising results from its 2022 exploration program at the La Plata project in Colorado, drilling two holes totaling 1,730 meters. Notably, hole LAP22-04 intercepted a record 816 meters grading 0.41% Recovered Copper Equivalent (CuEq), marking one of North America's top copper intersections in recent years. The findings indicate new high-grade gold-platinum-palladium mineralization, previously unrecognized in the area. The resource shows potential for significant expansion, with an updated NI 43-101 mineral resource estimate expected soon. The U.S. Forest Service has authorized further exploration drilling in 2023.
Metallic Minerals Corp. (TSXV:MMG, OTCQB:MMNGF) announced its participation in the inaugural Yukon Mining Alliance Invest Yukon Core Shack at the PDAC convention in Toronto from March 5-8, 2023. The Company will showcase core samples from its Keno Silver project in Yukon and the La Plata Copper-Silver project in Colorado. Additionally, President Scott Petsel will present at a silver-focused investors forum on March 6. Metallic Minerals is also sponsoring the Invest Canada North reception on the same day, connecting investors with mining opportunities in Canada's North.
Metallic Minerals Corp. (MMNGF) announced promising results from its 2022 Keno Silver project exploration in Yukon. The program involved 3,265 meters of drilling over 23 holes, primarily focusing on the high-grade Formo target. Significant findings include 40 high-grade samples exceeding 100 g/t silver equivalent, with notable intersections like 0.54 m at 2,291 g/t Ag Eq. The company aims to prepare an inaugural NI 43-101 resource estimate in 2023. Additionally, 1,490,000 stock options were granted to directors and employees, exercisable at $0.23 per share. Metallic expects further drill results from Keno and La Plata projects soon.
Metallic Minerals Corp. (TSXV:MMG)(OTCQB:MMNGF) announced a production royalty agreement with Little Flake Mining, owned by Parker Schnabel of Discovery Channel's Gold Rush. The agreement covers 5.5 miles of alluvial gold claims at the Australia Creek property in the Klondike Gold District, Yukon. Little Flake will extract gold, and Metallic Minerals will receive a percentage of production. The deal aims to capitalize on the recent gold discoveries in the area, with production expected to commence by June 2023. Little Flake is committed to a $1 million annual work commitment and royalty payments based on gold production.
Metallic Minerals Corp. (MMNGF) announced promising initial assay results from its 2022 exploration program at the Keno Silver project in Yukon. The drilling covered 3,265 meters across 23 holes, focusing on advanced-stage targets. Significant findings include drill intercepts of up to 177 meters of continuous mineralization and high-grade samples exceeding 1,000 g/t Ag Eq. The Fox target area showed strong continuity of silver-lead-zinc vein systems, with expanded mineralization extending over 300 meters. Additional drill results are expected soon as the company prepares for a NI 43-101 resource estimate in 2023.
Metallic Minerals Corp. has acquired a 100% interest in the Morning Star property, encompassing 78.2 acres within the La Plata mining district, for US$35,000 and 275,000 shares, pending TSX approval. This acquisition adds to the company's existing claims, now totaling over 33 km2. The Morning Star claims are believed to host significant mineralization potential, including porphyry Cu-Ag-Au and high-grade Au-Ag-Te deposits. The acquisition aligns with ongoing exploration plans following the recent announcement of an inferred resource of 985 million pounds of copper equivalent at the Allard Deposit.
Metallic Minerals Corp. (TSX.V:MMG; OTCQB:MMNGF) will present at the Emerging Growth Conference on October 12, 2022, at 9:00 AM PT. CEO Greg Johnson will discuss global metals markets, key projects, and upcoming catalysts, followed by a live Q&A session. The Company is focused on exploration in high-grade silver, gold, and copper projects, including the Keno Silver project in Yukon and the La Plata project in Colorado. Significant assay results are expected soon from recent drill campaigns.
Metallic Minerals has acquired 100% interest in 5 km2 of new mineral properties in the Keno Hill silver district, increasing its total hard-rock land position to 171 km2. The newly acquired Nabob and Rage claims demonstrated significant silver-lead-zinc mineralization with prior drill results returning up to 4,090.6 g/t Ag Eq. The acquisition positions Metallic alongside established players like Hecla Mining. The company plans to initiate drilling on the Nabob vein and pursue alluvial claim developments, anticipating strong growth in exploration and production potential.
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